3685 Tamarack Avenue, South Lake Tahoe, CA 96150
3685 Tamarack Avenue, South Lake Tahoe, CA 96150
3685 Tamarack Avenue, South Lake Tahoe, CA 96150
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Kristi Ghent

Kristi Ghent

+1(916) 759-1084
$1,450,000
Est. payment /mo
11 Beds
5,400 SqFt
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Key Details

Property Type Multi-Family

Sub Type Apt Build 5-12 Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,400 sqft

Price per Sqft $268

Subdivision Bijou Park Addition

MLS Listing ID 143277

Bedrooms 11

Year Built 1965

Lot Size 10,019 Sqft

Acres 0.23

Property Sub-Type Apt Build 5-12 Units

Property Description

Welcome to an exceptional investment opportunity in the heart of South Lake Tahoe. This turn-key 5-unit building offers the ideal combination of location, strong rental demand, and recent capital improvements, making it an attractive addition to any real estate portfolio.Perfectly situated between the crystal-clear waters of Lake Tahoe and the world-renowned Heavenly Ski Resort, this property places tenants just minutes from downtown, Stateline casinos, the Heavenly Gondola, Whole Foods, shopping, restaurants, hiking, biking, and year-round recreation. With South Lake Tahoe's consistently high demand for long-term rentals, investors will appreciate both the immediate cash flow potential and long-term appreciation opportunities.The property features 11 bedrooms across five well-designed units, including four spacious 2-bedroom, 1.5-bath residences and one larger 3-bedroom, 2-bath unit complete with laundry hookups. Each unit enjoys backyard outdoor space that tenants value, while the parking lot provides ample off-street parking.Significant recent improvements enhance both value and peace of mind, including a brand-new roof, three beautifully updated units featuring fresh, modern finishes, and a brand-new balcony currently being rebuilt. A dedicated common area also presents the opportunity to add shared laundry facilities for the four 2-bedroom units, creating additional convenience for tenants and potential for increased income.Whether you're expanding an established investment portfolio or acquiring your first multifamily asset, this well-maintained, income producing property offers the rare combination of a prime Tahoe location, thoughtful updates, value-add potential, and strong rental fundamentals. All at a price designed to attract savvy investors. Don't miss this opportunity to own a 5 unit multifamily property in one of California's most sought-after mountain communities.

Location

State CA

County El Dorado

Area Bijou 1

Interior

Heating Natural Gas, Wall or Space Heater

Cooling Natural Gas, Wall or Space Heater

Laundry Other/See Remarks

Exterior

Garage Spaces 8.0

Roof Type Pitched,Composition

Building

Story Two Story

Foundation Concrete/Crawl Space

Water Natural Gas

Others

Ownership Fee Simple

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South Tahoe MLS (STAR)
Listed by RE/MAX Gold - SLT
Kristi Ghent

"We are always here to help, we take great pride in providing expert guidance and advice!"

+1(916) 759-1084

kristi@ghentteam.com

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3685 Tamarack Avenue